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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 12, 1978
Page
20
A dense OCR page shows United States stocks and prices across multiple exchanges with many blue chips like Disney, DuPont, Coca Cola, and IBM. The fragment hints at a broad market movement with varied gains and losses, plus notes on dividends and market-wide indicators.
Market wrap notes Amex stocks drift while the Dow Jones average edges lower at 818.17 points, down 0.29 percent. Trading details are fragmented with mixed quotes and little clear headline data.
Chicago cash grain prices show Wheat No 2 hard red winter 3.522, No 2 soft red winter 3.69 1/2, Corn No 2 yellow 2.304 1/4, Oats No 2 heavy 1.394 1/4, Soybeans No 1 yellow 6.70 1/4 per bushel. The report lists market quotes for futures and spot prices across the main grains.
UPI reports a mixed stock picture in New York as investors wait on President Carter’s news conference. The Dow rose to 818.69 by 1 15 p.m. EST while Carter defended earlier dollar-support moves and signaled broader budget tightening. Midwest markets show varied livestock and grain activity with steady to lower prices and light trading.
Eastern Airlines chief Frank Borman announced a $425 million offer for National Airlines as Pan Am plans to buy the remainder at 41 a share and Texas International also circles. Eastern would become the second largest U S carrier if the deal closes with United remaining first.
The Iowa Transportation Commission approved drafting a bill to raise pickup truck registrations from a flat 35 dollars to 35 dollars plus 0.5 percent of vehicle value. The plan would nearly double 1980 pickups and align them with car fees. The commission also moved to define van and motor home categories with three registration levels.
In Lacey Washington Chris Sanger and family receive frequent wrong calls for the president the White House and Amy Sanger. The Sangers explain area code mixups and note callers from across the country apologize after learning the error. Some nights bring several calls while the family considers changing their number.
Rising Ohio River waters endanger Kentucky and Ohio as residents prepare for the worst flood in over a decade. Kentucky towns face widespread damage with recovery costs exceeding 100 million dollars. Frankfort endures its heaviest flood in over 40 years as the Kentucky River crest tops 48.5 feet. officials warn of further flooding risk along the Ohio River. Governor Carroll seeks federal disaster aid. many services shut, utilities scarce, and schools closed while no deaths or looting are reported.
Ohio and Kentucky confront rising Ohio River levels with crest forecast near 32 feet at Louisville and 6.5 feet above flood stage at Cincinnati. Evacuations affect New Richmond Newtown Moscow Cincinnati and Dayton families as shelters prep in multiple states. officials seek federal disaster aid for up to 17 counties.
Two people were hospitalized after Monday crashes. Kyle Friauf 19 suffered obstructed vision in a rear end collision with Meyer Schaffer 60 on Bever Avenue near Indiandale Road at 8:05 a.m. Scott Friauf 15 is in good condition with minor injuries. Brenda Feller 35 of Vinton is also hospitalized after a separate 3 a.m. crash near Crawford's Quarry on Highway 94.
Charles Palmer of Des Moines will become director of mental health resources for the Iowa Department of Social Services on January 1. A United Way executive and Grinnell College alumnus with a Chicago MBA, he will earn about $34,700 annually to oversee four institutes and two hospital schools with a budget over $60 million, succeeding Kevin Burns who plans to start a new business.
UPI notes slow to light demand in hog trade with prices down. Butchers 1.00-1.50 lower, sows 50-1.00 lower. No 1-2 200-240 lb butchers 47.00-49.00, No 1-3 230-250 lb 46.25-48.00, 2-3 250-270 lb 45.00-47.25, 270-300 lb 42.50-46.00, No 1-3 270-550 lb sows 38.00-40.00. receipts 70,000 vs 112,000 last week and 68,000 year ago.
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